Michael Tanney

I earned my undergraduate degree at Indiana University, located in Bloomington, Indiana. College is a time for personal growth, learning, and eating lots of inexpensive foods like pizza.

I earned my undergraduate degree at Indiana University, located in Bloomington, Indiana. College is a time for personal growth, learning, and eating lots of inexpensive foods like pizza.

Throughout the year, as part of a thoughtful approach to wealth management, I try to minimize the potential taxes clients owe from gains in their portfolio. Often, in December clients will start asking about the January effect and whether they can take advantage of it.

Does money equate to happiness? It all depends on your perspective. 1

“I’m rebuilding everything. I lost it all when I got sick and that included going through my retirement accounts” shared my friend. At the age of 34, she was told by heart specialists that nothing was wrong. Five years later, almost dead, she underwent emergency open heart surgery.

For investors, it can be easy to feel overwhelmed by the relentless stream of news about markets.

Being bombarded with data and headlines presented as impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. Headlines from the ”lost decade”[1] can help illustrate several periods that may have led investors to question their approach:

Are investing well and incorporating values around sustainability mutually exclusive?

We possess the freedom to express our political preferences around sustainability through the ballot box. As investors, we also can express our preferences through participation in global capital markets.

Have you checked the weather today? While models can be useful for gaining insights that can help us make good decisions, they are inherently incomplete simplifications of reality.

Using data on current and past weather conditions, a meteorologist makes a number of assumptions to approximate what the weather will be in the future.

I recently registered for the Harryman sprint triathlon that will take place an hour north of Manhattan, in Harriman State Park, where the thickest of New York City accents is thinned out by the crisp air. Scheduled for May 20th, the lake water should be freezing and the air temperature pleasant.

Embarking on a financial plan is like sailing from Europe to North America. The voyage won’t always go to plan, and there’ll be rough seas. The odds of reaching your destination increase greatly if you start by sailing west.

Peter Mallouk’s book(1) should be required reading for anyone going near any market. Here are the five common investment mistakes he dwells upon.
Market Timing
People often tell me: “I have cash on the side, and I’m waiting for things to get better” or “I’ll invest my money after (insert any excuse).” Unfortunately, market timing doesn’t work; the evidence against it is overwhelming.